Chief Financial Officer of Vodafone Group Plc (ADR) (NASDAQ:VOD), the world’s second-biggest mobile-phone operator, Andy Halford reported in an interview that the company may make a provision to cover the legal risks.
Andy Halford reported that Vodafone, which has opposed setting aside money for a $2.2 billion tax provision in India, is consulting on the need for a provision after a change by India’s government to its tax rule made the corporation potentially liable for the expense.
Halford reported from Vodafone’s headquarters in Newbury, England that the situation has changed and they were looking at it.
Shifting reader’s focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Telefonica S.A. (ADR) (NYSE:TEF) rose +1.90% to settle at $15.02, BT Group plc (ADR) (NYSE:BT) moved down -1.40% to end at $37.90 while VimpelCom Ltd (ADR) (NYSE:VIP) dropped -0.33% to finish at $11.95 on Friday.
Vodafone Group Plc (ADR) (NASDAQ:VOD) last session’s volume of 6.82 million shares was higher than its average volume of 6.64 million shares. The stock after opening at $28.57 hit high price of $28.65 and then closed at $28.47 by scoring -1.01%.
VOD generated revenue of $75.26 billion in the previous twelve months and earned $11.28 billion. The Company showed a positive 15.09% in the net profit margin as well as in its operating margin which remained at 24.10%. Company’s annual sales growth for the past five years was 8.34%.
The VOD’s past twelve months price to sales ratio was 1.99 and price to cash ratio remained 10.92. As far as the returns are concerned, the VOD’s return on equity was recorded as 8.46% and return on investment increased 5.87% while its return on asset stayed at 4.82%.
The stock showed weekly upbeat performance of +0.64% which was maintained for the month at -3.91%. Likewise the positive performance for the quarter was recorded as +3.38% and for the year was +17.94% while the YTD performance remained at +5.56%.
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